On a quick growth, Tambaram in the present day is one of the hugely demanded areas for property purchasing in Chennai. Tambaram is a residential suburb in South Chennai, witnesses a boost in property prices in Tambaram for the past few decades. The reason behind this is its easy access, nearness to IT corridors and connectivity to all leading parts of the city. The locality is also observing witnessing good capital and rental appreciation for the Tambaram flats for sale.
Connectivity
In terms of excellent transport facilities, Tambaram scores high demand among the buyers and investors segment. Though, the increasing realty rends in Tambaram is mainly due to this connectivity. Locality is directly connected to the state highways 10, Velachery Road and the GST Road (Grand South Trunk Road). Whereas Tambaram junction is just two km placed at the eastern part of the location.
Tambaram once mooted as a satellite corridor of the city, there is the drastic growth in the Tambaram real estate. Also, the Chennai International Airport is just about 11 km away from the suburb. The suburban railway network runs a suburban railway service from Chennai Beach to Tambaram.
This connectivity makes some people to invest in flats for sale in Vandalur. Buses from this suburb to several routes into the city like Avadi, Koyambedu, Meenambakkam and Saidapet. Buses to distant metropolises like Bangalore, Salem, Trichy, Madurai and Coimbatore can also be found regularly.
Real Estate in Tambaram:
Compared to the other regions in Chennai, the property prices in Tambaram are quiet low. Holds numerous key features, like closeness to the airport, availability of several modes of transportation, and frequent educational institutes, it makes Tambaram real estate as an idyllic destination. Moreover being the hub of numerous industries and IT concerns, a lot of employed couples wish to purchase a Tambaram flats for sale. Location majorly has flats, which cover around 70 % of the entire residential habitation.
Price Appreciation:
Because of an easy connectivity and wider roads, the property prices in Tambaram are always higher than the nearby areas as per the property portals data. Data also reveals that, in terms of ROI (return on investment) Tambaram real estate is one notch which is greater than the other localities. The prices of residential property have witnessed some upswing and downswing in the past years. At present the Tambaram property rate trends appreciated at Rs. 4096 per sq. ft.
Future Prospects:
This location, with its good connectivity, water supply, infrastructure and moderately low property rates, has a potential for realty growth in the following five years. Several residential and commercial projects are forthcoming in Tambaram, which will further improve the realty trends in Tambaram. Furthermore, GST road is continuously seeing growth in its infrastructure and amenities that will unintentionally work in the favor of Tambaram’s development.
In terms of excellent transport facilities, Tambaram scores high demand among the buyers and investors segment. Though, the increasing realty rends in Tambaram is mainly due to this connectivity. Locality is directly connected to the state highways 10, Velachery Road and the GST Road (Grand South Trunk Road). Whereas Tambaram junction is just two km placed at the eastern part of the location.
Tambaram once mooted as a satellite corridor of the city, there is the drastic growth in the Tambaram real estate. Also, the Chennai International Airport is just about 11 km away from the suburb. The suburban railway network runs a suburban railway service from Chennai Beach to Tambaram.
This connectivity makes some people to invest in flats for sale in Vandalur. Buses from this suburb to several routes into the city like Avadi, Koyambedu, Meenambakkam and Saidapet. Buses to distant metropolises like Bangalore, Salem, Trichy, Madurai and Coimbatore can also be found regularly.
Real Estate in Tambaram:
Compared to the other regions in Chennai, the property prices in Tambaram are quiet low. Holds numerous key features, like closeness to the airport, availability of several modes of transportation, and frequent educational institutes, it makes Tambaram real estate as an idyllic destination. Moreover being the hub of numerous industries and IT concerns, a lot of employed couples wish to purchase a Tambaram flats for sale. Location majorly has flats, which cover around 70 % of the entire residential habitation.
Price Appreciation:
Because of an easy connectivity and wider roads, the property prices in Tambaram are always higher than the nearby areas as per the property portals data. Data also reveals that, in terms of ROI (return on investment) Tambaram real estate is one notch which is greater than the other localities. The prices of residential property have witnessed some upswing and downswing in the past years. At present the Tambaram property rate trends appreciated at Rs. 4096 per sq. ft.
Future Prospects:
This location, with its good connectivity, water supply, infrastructure and moderately low property rates, has a potential for realty growth in the following five years. Several residential and commercial projects are forthcoming in Tambaram, which will further improve the realty trends in Tambaram. Furthermore, GST road is continuously seeing growth in its infrastructure and amenities that will unintentionally work in the favor of Tambaram’s development.